Southwest Airlines Co (NYSE:LUV) CFO Tammy Romo sold 20,272 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total value of $1,174,762.40. Following the completion of the transaction, the chief financial officer now directly owns 114,962 shares in the company, valued at approximately $6,662,047.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Southwest Airlines Co (LUV) opened at $57.99 on Friday. Southwest Airlines Co has a 12 month low of $49.76 and a 12 month high of $66.99. The stock has a market capitalization of $34,100.00, a PE ratio of 16.81, a PEG ratio of 1.02 and a beta of 1.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.70.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.25 billion. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. sell-side analysts anticipate that Southwest Airlines Co will post 5 EPS for the current fiscal year.
A number of research analysts recently commented on the company. Bank of America cut Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research note on Tuesday, January 9th. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 target price on the stock in a research note on Tuesday, December 26th. Atlantic Securities raised Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their target price for the company from $48.71 to $71.00 in a research note on Thursday, December 14th. ValuEngine cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Southwest Airlines presently has a consensus rating of “Buy” and an average target price of $67.97.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BT Investment Management Ltd grew its stake in shares of Southwest Airlines by 43.1% in the third quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after purchasing an additional 122,892 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Southwest Airlines by 162.0% in the fourth quarter. State of Alaska Department of Revenue now owns 83,494 shares of the airline’s stock worth $5,462,000 after purchasing an additional 51,620 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Southwest Airlines by 14.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,727 shares of the airline’s stock worth $5,023,000 after purchasing an additional 11,398 shares during the last quarter. Kalos Management Inc. bought a new stake in shares of Southwest Airlines in the third quarter worth about $2,328,000. Finally, Rational Advisors LLC grew its stake in shares of Southwest Airlines by 27.1% in the third quarter. Rational Advisors LLC now owns 17,800 shares of the airline’s stock worth $997,000 after purchasing an additional 3,800 shares during the last quarter. 78.97% of the stock is currently owned by institutional investors.
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About Southwest Airlines
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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